Magic Software Enterprises Ltd. (NASDAQ:MGIC) is 1 of the best-performing small-cap tech stocks successful the past 3 years. On November 18, the institution posted grounds Q3 gross of $161.7 million, up 13.1% year-over-year, powered by request crossed its IT consulting and endeavor bundle services.
Despite a unchangeable gross borderline astatine 27.3%, the institution tightened the screws operationally: GAAP operating income roseate 13.6% to $17.1 million, portion non-GAAP operating nett deed $19.9 million, up 8.1% from the anterior year. Bottom line: nett income climbed to $9.9 million, oregon $0.20 per diluted share, compared to $0.17 past year, a humble but dependable gain.
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CEO Guy Bernstein said Magic “achieved all-time highs successful revenues, gross nett and operating income,” crediting “sustained request for our digital, AI-driven and unreality translation solutions” and “disciplined execution crossed the organization.” He besides highlighted the company’s “robust momentum” successful the U.S. and called the pending merger with Matrix I.T. “an breathtaking caller phase” that is expected to boost scale, marketplace reach, and tech depth.
Magic Software Enterprises Ltd. (NASDAQ:MGIC), based successful Israel, provides IT consulting, unreality integration, low-code development, and automation tools to mid- and large-enterprise clients worldwide.
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Disclosure: None.

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